BUSINESS
06/28/2010 05:12 am ET Updated May 25, 2011

Goldman Sachs Builds Lobbyist Machine, Ramps Up Political Spending

Until a few years ago, Goldman Sachs operated a sleepy lobby shop in the nation's capital.
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But now, faced with fraud charges, investigations, a firestorm of criticism and a regulatory overhaul bill that could seriously damage its profitability, the venerable Wall Street firm is assembling a team of veteran lobbyists, well-connected former Hill staffers and top public relations strategists to confront what is arguably the most traumatic moment in its 140-year history.

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